Farmers offered assistance with low-rate finance

TASMANIAN farmers looking to enhance productivity or restructure debt can apply for low-rate finance through a new scheme from the federal government.

Parliamentary Secretary to the Minister for Agriculture Senator Richard Colbeck said it was great news for Tasmanian farmers, who could soon have access to greater financial support.

Eligible farm businesses will have access to five-year loans of up to $650,000.

"These loans, at a variable concessional interest rate initially set at 4.5 per cent per annum, will assist farm businesses make good business decisions and become more profitable in the future," Senator Colbeck said.

"This is all about helping farmers and their families who need support no matter what the causes.

"I encourage farmers who are considering applying to go on to the website below and submit their applications. I understand applications are being considered on a first-in basis and I encourage farmers to apply soon."

For more information on farm finance and other Australian government assistance measures visit www.development.tas.gov.au